Economic Development

Wish You Were Here: States to Use Federal Funds to Boost Tourism

Governments can appropriate American Rescue Plan dollars to help the travel and hospitality industries rebound from economic devastation brought by the pandemic.

Treasury Says It Has Already Distributed $105B in State, Local Aid

That's about one-third of the total $350 billion available from the American Rescue Plan relief fund for states and localities, which launched less than two weeks ago.

The States and Cities With the Strongest and Weakest Levels of Capital Investment

A new data tool offers a detailed look at how real estate and business loans and other investments vary widely across the country and sheds light on the inequities poorer and minority neighborhoods face.

Report: Black Americans Continue to Face Economic Hardship due to Covid-19

Better educated and older Black adults are faring better than younger, less educated ones who have lost jobs and faced wage cuts at higher rates, making it harder for them to achieve their long-term financial goals, according to the Pew Research Center.

Analysis: All 50 States Experience Historic Personal Income Growth in 2020

The rise in personal incomes nationwide is the biggest in 20 years, and because of the pandemic, can largely be attributed to unprecedented government assistance, according to a Pew report.

Bidenomics Really Is Something New

COMMENTARY | The president is willing to take on political fights that Obama and Clinton considered unwise, if not unwinnable. Will that strategy pay off?

A $4.5B Pool of Economic Recovery Funds States, Localities Can Tap Into

The U.S. Economic Development Administration received an influx of Covid relief dollars over the past year that is more than 10 times the size of its usual budget. That money is now flowing as grants.

Biden Advocates For Sweeping New Federal Investments

The president made the case for his agenda before a joint session of Congress, as he reaches 100 days in office. Many of his proposals have implications for state and local government.

Why States Didn’t Go Broke from the Pandemic

COMMENTARY | The predictions were for a massive downturn in state finances because of COVID-19 but the predictions were wrong.

How the Federal Reserve is Increasing Wealth Inequality

The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.

Ten Questions Communities Trying to Attract Remote Workers Should Ask

COMMENTARY | Local leaders across the country are contemplating how to lure newcomers to their areas to help spur economic growth. Answering questions around funding, stakeholder input and internet access can lead to a well-crafted strategy.

The Wide Gaps Between Minority and White Business Ownership in America’s Cities

A new data tool offers ways to gauge the disparities with businesses in the nation’s largest metro areas. It also includes information on women-owned firms.

Learning From the New Deal—For the Next Recovery

If national-level policy, in the Biden era, is now trying to support economic recovery and renewal of left-behind areas, ideas on how to do that, and the experimentations and implementations on getting it done, are largely going to occur at the local level.

Smallest Businesses Will Get Special Window to Apply for Federal Relief Funds

The Biden administration announced the change to the Paycheck Protection Program on Monday, along with other measures to improve access to funding for minority-owned businesses.

Toward a More Inclusive and Resilient Economic Development Paradigm

COMMENTARY | As economic development leaders look for ways to stimulate growth in the wake of Covid-19, they should embrace strategies centered on resilience and inclusivity.

The New Plans to Remake Appalachia’s Economy

Mayors from the region and others want the Biden administration to embrace their proposals for billions of dollars of spending, with a heavy emphasis on clean energy projects, as a way to reinvent the region as coal declines.

Mile-by-Mile, Proposed Nationwide Bike and Foot Trail Sees Progress

Advocates for the trail say there are now over 2,000 miles of segments complete and that more money flowed toward the project this past year.

Two-Decade Push to Build a Grocery in a Food Desert Finally Pays Off

A mix of public and private support has come together to make the project in northeast Oklahoma City possible.

Another Region Offers Remote Workers $10,000—and a Bike!—to Move

Northwest Arkansas will provide a cash incentive and a street or mountain bike to qualified remote workers who relocate to the area.

Report: Amazon Got $741 Million in Tax Incentives to Build 36 Warehouses Around Chicago

STATE AND LOCAL ROUNDUP | Nevada county considers allowing brothels to open for non-sexual escort services … Utah hospitals preparing to ration care … Maine town booms during pandemic.